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Business Unusual

Video killed the radio star sang the one hit wonder band, The Buggles.

The song predicted and lamented how technology was changing everything and is often used to suggest a big shift underway in an industry.

Below are some of the industries under siege and why. Typically there are four factors that amplify disruption in a sector.

  • a new entrant refocuses on customer needs to address an existing issue with a product or service
  • the new entrant usually uses a technology enabler to gain the advantage over the incumbent
  • the nature of the disruption was not foreseen and so regulations are absent or insufficient
  • availability of well-funded investors with an appetite for risk

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